Kyber Contract Heist Revealed. Exchanges Still Vulnerable.

I am now in the midst of preparing an essay about the Kyber Network's fresh contract hijacking vulnerability. I am not sure whether this is a good thing or a negative thing for the overall crypto industry, but one thing is for sure, it surely indicates that exchanges are still susceptible to cyber assaults.

In this piece, I am going to go over what occurred, how it happened and what can be done to avoid similar sorts of assaults in the future.

In the newest episode of the Good Crypto A podcast co-hosts Matt Dibb and Caitlin Long discuss the Kyber Contract Heist. In this episode, we go over what occurred, how it might have been averted and what exchanges must do now.

The Kyber contract theft was a key event in the evolution of cryptocurrencies. It was one of numerous breaches from 2018 that have led to accusations against digital assets as well as exchanges for their lack of security measures.

The major conclusion from this incident is that marketplaces are still susceptible to hackers and even if they did have greater protection, they still cannot avoid all assaults. This is why it is necessary for exchanges to establish more secure systems in order to keep their consumers safe from such situations in the future.